Shoals Technologies Group Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $17.50 on 02/12/24 and the lowest value was $4.07 on 11/20/24.
52-week price history of SHLS Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Shoals Technologies Group Inc’s current trading price is -72.31% away from its 52-week high, while its distance from the 52-week low is 19.04%. The stock’s price range during this period has spanned from $4.07 to $17.50. In the Technology sector, the Shoals Technologies Group Inc’s shares surpassed a trading volume of approximately 3.69 million for the day, which was noticeably lower compared to the average daily volume of 9.4.71 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Shoals Technologies Group Inc (SHLS) has experienced a quarterly decline of -22.85% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 807.66M and boasts a workforce of 1309 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.37, with a change in price of -1.89. Similarly, Shoals Technologies Group Inc recorded 5,145,388 in trading volume during the last 100 days, posting a change of -28.01%.
Examining SHLS’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for SHLS stands at 0.26. Similarly, the long-term debt-to-equity ratio is also 0.26.
SHLS Stock Stochastic Average
Today, Shoals Technologies Group Inc’s raw stochastic average for the past 50 days stands at 36.73%, indicating a decline from the raw stochastic average of the last 20 days, which was 58.27%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 30.45% and 26.52% respectively.
SHLS Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. Year to date metric has recorded a loss of -68.82%.However, over the last six months, we can see a stronger performance of -29.58%. Over the last 30 days, the price of SHLS has fallen by 6.25%. And in the last five days, it has surged by 3.97%.